Inspire Advisors LLC Raises Stake in Cohen & Steers, Inc. (NYSE:CNS)

Inspire Advisors LLC lifted its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,207 shares of the asset manager’s stock after buying an additional 357 shares during the quarter. Inspire Advisors LLC’s holdings in Cohen & Steers were worth $1,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cohen & Steers by 15.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,500 shares of the asset manager’s stock worth $877,000 after buying an additional 1,293 shares in the last quarter. AlphaQuest LLC purchased a new stake in Cohen & Steers in the fourth quarter valued at approximately $706,000. Pillar Financial Advisors LLC purchased a new stake in Cohen & Steers in the fourth quarter valued at approximately $575,000. Raymond James Financial Inc. purchased a new stake in Cohen & Steers in the fourth quarter valued at approximately $44,737,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Cohen & Steers by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager’s stock valued at $92,749,000 after purchasing an additional 52,846 shares during the period. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Stock Performance

Cohen & Steers stock opened at $85.28 on Tuesday. Cohen & Steers, Inc. has a 1 year low of $64.13 and a 1 year high of $110.67. The firm has a 50 day moving average price of $87.53 and a 200 day moving average price of $93.51. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 28.71 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, March 3rd will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.91%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, March 3rd. Cohen & Steers’s payout ratio is presently 83.50%.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.